US Macro Data
🔴Average hourly wage (m/m).
• Actual: 0.1%
• Forecast: 0.3%
• Previous: 0.3%
🔴Change in non-farm employment.
• Actual: -23K
• Forecast: 85K
• Previous: 57K
🔴Unemployment rate.
• Actual: 4.1%
• Forecast: 4.2%
• Previous: 4.2%
Weak wage growth and an unexpected drop in employment strengthen expectations for a Fed rate cut, and cheaper money typically supports BTC and other risky assets.
At the same time, low unemployment (4.1%) slightly limits this effect, so the market’s reaction will depend on further Fed signals.
$NVDAB $AAPLB $BTC
🔴Average hourly wage (m/m).
• Actual: 0.1%
• Forecast: 0.3%
• Previous: 0.3%
🔴Change in non-farm employment.
• Actual: -23K
• Forecast: 85K
• Previous: 57K
🔴Unemployment rate.
• Actual: 4.1%
• Forecast: 4.2%
• Previous: 4.2%
Weak wage growth and an unexpected drop in employment strengthen expectations for a Fed rate cut, and cheaper money typically supports BTC and other risky assets.
At the same time, low unemployment (4.1%) slightly limits this effect, so the market’s reaction will depend on further Fed signals.
$NVDAB $AAPLB $BTC